Statutes > Utah Statutes > Title 53C - School and Institutional Trust Lands Management Act > Chapter 02 - Activities on Trust Lands > 53C-2-402 - Mineral leases -- Director to establish rules for mineral leases -- Revenues to be deposited in Land Grant Management Fund.

53C-2-402 - Mineral leases -- Director to establish rules for mineral leases -- Revenues to be deposited in Land Grant Management Fund.

53C-2-402. Mineral leases -- Director to establish rules for mineral leases --Revenues to be deposited in Land Grant Management Fund.
(1) Mineral leases of all trust lands owned by the state shall be made exclusively by thedirector, under rules made by the director.
(2) Revenues from mineral leases of trust lands shall be deposited in the Land GrantManagement Fund.

Enacted by Chapter 294, 1994 General Session